SilverBow Resources Inc (SBOW)
NYSE NYSE Primary Summary
SilverBow's (SBOW) Acquisition Gains Strong Shareholder Support
SilverBow's (SBOW) shareholders show overwhelming support for the company's acquisition in the special shareholders' meeting held on Jul 29, 2024, with 99% votes cast in favor of the proposed deal.
Panagora Asset Management Inc. Grows Holdings in SilverBow Resources, Inc. (NYSE:SBOW)
Panagora Asset Management Inc. lifted its position in SilverBow Resources, Inc. (NYSE:SBOW – Free Report) by 78.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,024 shares of the company’s stock after buying an additional 46,202 shares during the period. Panagora Asset Management Inc. owned about 0.41% of SilverBow Resources worth $3,054,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in SilverBow Resources by 33.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,303 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the last quarter. Callahan Advisors LLC lifted its position in shares of SilverBow Resources by 10.4% in the fourth quarter. Callahan Advisors LLC now owns 12,700 shares of the company’s stock worth $369,000 after buying an additional 1,200 shares in the last quarter. Montgomery Investment Management Inc. grew its stake in shares of SilverBow Resources by 8.7% in the 4th quarter. Montgomery Investment Management Inc. now owns 15,550 shares of the company’s stock worth $452,000 after buying an additional 1,250 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of SilverBow Resources during the 3rd quarter valued at approximately $50,000. Finally, Allspring Global Investments Holdings LLC raised its position in SilverBow Resources by 138.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,126 shares of the company’s stock worth $91,000 after purchasing an additional 1,815 shares during the period. 91.83% of the stock is owned by institutional investors. SilverBow Resources Stock Up 2.3 % SilverBow Resources stock opened at $37.48 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.63 and a current ratio of 0.63. SilverBow Resources, Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $43.95. The stock has a 50-day simple moving average of $33.09 and a 200-day simple moving average of $30.55. The company has a market capitalization of $957.24 million, a P/E ratio of 5.06 and a beta of 2.52. SilverBow Resources (NYSE:SBOW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.25. SilverBow Resources had a net margin of 24.41% and a return on equity of 16.48%. The business had revenue of $256.68 million during the quarter, compared to the consensus estimate of $272.27 million. During the same quarter last year, the firm posted $0.95 EPS. Equities research analysts expect that SilverBow Resources, Inc. will post 8.64 earnings per share for the current year. Analyst Ratings Changes A number of research analysts have commented on the stock. TheStreet raised shares of SilverBow Resources from a “c” rating to a “b-” rating in a research report on Wednesday, February 28th. Roth Mkm began coverage on shares of SilverBow Resources in a research note on Monday, February 12th. They set a “buy” rating and a $41.00 price objective for the company. Mizuho upped their target price on SilverBow Resources from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Truist Financial boosted their price objective on SilverBow Resources from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33. Read Our Latest Report on SBOW SilverBow Resources Company Profile (Free Report) SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.
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SilverBow Resources Inc Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Sean C. Woolverton CEO | NYSE Exchange | 82836G102 CUSIP |
| US Country | 134 Employees | - Last Dividend | 8 Oct 1997 Last Split | 3 May 2016 IPO Date |
Overview
SilverBow Resources, Inc. is an independent oil and gas company engaged in the exploration, development, acquisition, and operation of oil and natural gas properties. Primarily focused on the Eagle Ford shale and Austin Chalk formations located in South Texas, the company aims to leverage its expertise in these regions to enhance shareholder value through efficient operations and strategic asset management. Originally named Swift Energy Company, it underwent a rebranding to SilverBow Resources, Inc. in May 2017, reflecting a new phase in its business strategy and growth plan. Founded in 1979, SilverBow Resources has built a solid foundation and reputation in the industry and is based in Houston, Texas, a major hub for energy companies.
Products and Services
- Exploration Services
- Development and Operation
- Acquisition
SilverBow Resources specializes in the exploration of oil and gas properties, mainly focusing on the fertile grounds of the Eagle Ford shale and Austin Chalk formations. Through cutting-edge technology and geological expertise, the company identifies potential sites for drilling and extraction, aiming to discover significant hydrocarbon reserves.
Once potential oil and gas sites are explored and confirmed, SilverBow Resources proceeds with the development and operation of these properties. This includes drilling, establishing necessary infrastructures such as wells and pipelines, and managing the daily operations to extract oil and natural gas efficiently and safely. Their operational strategies are designed to maximize recovery rates and minimize environmental impact.
In addition to organic growth through exploration and development, SilverBow Resources also actively seeks opportunities to acquire existing oil and gas properties. This strategic approach enables the company to expand its portfolio of assets, diversify its operational base, and capitalize on synergies within the Eagle Ford shale and Austin Chalk regions. The acquisition strategy is aimed at assets that offer immediate operability or can be quickly integrated into the company’s existing operations.
